Want Big Change in Fyers
Hello Fyers team, Please add a new feature of RISK PER DAY in fyers setting.
As a trader, we are facing the massive challenge of losing money because of not taking Stop-loss or over-trading just in emotion. Sometimes new traders don't know how to put stop-loss or just because of Technical issues we can't able to place SL in the system.
so, I would like to say that please add a new setting in fyers terminal of computerized Auto square-off of all positions after losing a certain percentage of total capital.
In this setting, a trader can set his/her losing capacity in percentage according to a daily basis (Risk per day). This setting should be applied only for Intraday trades.
For example:- If I have 1 lakh in my Demat account and I am able to take a risk of 3% (3000) of the day then I have to go fyers setting and manually change the Risk per Day to 3%. Now if the trades go against me then your system has to Exit my all position if I make a loss of 3000.
Benefits of this Risk Per Day Control feature:-
- Traders can set their Risk per day percentage.
- Traders' emotions can be in control.
- This feature prevents us from big losses.
- Traders can trade more they can because they have the capital for future trading.
- you can generate more brokerage because of more trading.
- You can attract new traders with this Risk Per Day Control feature.
- New traders can trade more and learn more because of consistency.
- You can charge extra money for this computerized Auto square-off of Risk per day.